Sirius XM Holdings Inc. (NasdaqGS:SIRI) is looking for small M&A. Thomas Barry, Chief Financial Officer said, "M&A is part of it. I think we're probably going to focus first on delevering going to a place of safety. But I would assume probably we're always looking at smaller M&A transactions.

I mean smaller things that either help us on programmatic or help us in various areas. So we look at smaller things. But I think right now, our heavy focus is on the deleveraging.

That's really where we feel most comfortable and that deal give us the most agility as we respond to the market 12 months from now".